i have read through and signed up and looked at the how to’s.
there is a LOT of information and setup!
im limited on time.
im not sure if i should pay somebody to do this for me if that service exists, or just do it myself.
I would like to know how to set it up myself, but it does depend on hours needed to set it up and learn the system.
for my property business id like to change from excell to quickfile, but i cant afford the time if its a long process.
has anybody got a rough estimate on how long this would take me to setup, and then weekly/monthly admin? ill explain my setup below.
Ill be setting up quickfile from the beginning:
I have a number of single let properties.
I have 1x property where I rent out single rooms.
I get a monthly bank transfer for 1x property from the agent who manages it.
All others i manage myself and i get a monthly direct debit payment from gocardless.com
If a tenant misses a payment this is usually paid via bank transfer as a one off payment and so there is some bank transactions.
I get deposits from customers via bank transfer or via a card payment through stripe.
I get a small amount of misc payment like holding deposits, small charges to the tenants for damages etc and these usually come via an invoice i create in invoiceninja.com and get paid through stripe. i would change and send the invoice through quickfile and allow them to pay via stripe or bank transfer.
Each property has a mortgage which is paid monthly as a direct debit.
There is regular payments via card for advertising and other services.
Monthly direct debits are setup for your usual, insurance etc.
There is maintenance jobs to tradesmen/companies, and receipts for materials etc.
Other misc payments are also made, most of which are via card.
I currently use natwest but im happy to change if the autobank feed works better with another bank or other things work better.
I do have an accountant who does my company accounts and self assesment.
This is more for me and my records, to make it easy for me to pay somebody to do my admin and bookkeeping and so i can run reports and things i want to see.
It will obviously also help my accountant to use this rather than my excel workbook.
Thats pretty much my setup.
If i can make things simpler or easier i would love to.
If i could listen to / watch videos on the setup that would be great, if not im happy to read.